Archive of all news articles – Page 379
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City snapshot: SSP Group sales continue to rebound on travel sector recovery
Travel retail player SSP Group has continued to rebuild revenues after Covid, with third quarter sales back up to 87% of pre-pandemic levels. Plus trading updates from McBride and Poundland owner Pepco Group.
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Meat snacks player New World Foods sales jump on protein snacking growth
Kings, Wild West and Cruga owner New World Foods has posted a double digit jump in sales and profits in the run-up to its acquisition by Valeo Food Group last year.
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Aldi looking for larger stores in latest nationwide hunt
The discounter is offering a finder’s fee to anyone who can recommend a site suitable for a 20,000 sq ft store – 2,000 ft larger than its usual minimum
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Media Bites 14 July: Wetherspoons, Tesco, inflation
A trading update from pub operator JD Wetherspoon is the main retail news in the papers this morning.
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Edible insects will face novel foods process, says FSA
Agency proposes regulating the category along similar lines to CBD
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Love Ocean returns to the crowd for further growth funding
The refillable toiletries brand is currently overfunding on Crowdcube
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Flora, Bertolli and I Can’t Believe It’s Not Butter packs shrunk as costs surge
Owner Upfield said it was facing “significant commodity cost increases”
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Tesco Heinz spat ends with no price rises for key summer products
Tesco and Heinz revealed on 8 July their dispute was over, but did not give details at the time
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Valeo Foods eyes more deals as it brings in global head of M&A
Deal hungry ambient food group Valeo Foods has signalled its intent to continue a global acquisition spree with the appointment of a head of M&A
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Healthy cereal startup Surreal hires Innocent copywriter John Thornton
Thornton joins the business from his previous role as copywriter & social media manager at Innocent
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Tory leadership contenders urged to commit to business rates reform
They should commit to delivering promises made in the Conservative manifesto rather than ‘throw around tax cuts like confetti’, says leading property consultancy Colliers
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Kind targets health-conscious shoppers with lighter Thins snack bars
Despite weighing in at under 100 calories each, the bars are classified as HFSS in line with the wider Kind range
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Growers associations team up for R&D programme
The groups aim to continue research within the industry despite the demise of the statutory levy and the end of AHDB horticulture from March 2023
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CMA launches probe into Morrisons’ takeover of McColl’s
‘Phase one’ investigation is launched today following an initial enforcement order in May
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Lidl rapped by ad watchdog over misleading Black Friday savings claims
The Advertising Standards Authority upheld a complaint from Aldi
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JJ Foodservice launches blog to support caterers with recipes and money saving tips
Blog will be updated weekly and offer ‘chef quality inspiration’ for foodies and busy caterers
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Nestlé ditches non-HFSS ‘Simple One’ Shreddies after just one year
Nestlé introduced the NPD, which was made with just four ingredients – wholegrain wheat, fruit purée, date syrup and salt – in April 2021
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Media Bites 13 July: PepsiCo, JAB Holdings, Diageo
PepsiCo predicted inflation would stay elevated for the rest of the year, and said it remained open to raising prices further
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City Snapshot: JD Wetherspoon calls for tax equality with ‘far more profitable’ supermarkets
JD Wetherspoon has called for tax equality between pubs and supermarkets as the group reported its losses for the year would be larger than expected. Plus, spirits group Distil issues a trading update and KKR’s acquisition of drinks bottler Refresco completes.
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Farm shop owners warned following string of burglaries
Security advice issued after seven shops in north west England and the Midlands are targeted by thieves